Nabaltec Continues its Dynamic Growth in the 3rd Quarter of 2017
Third-quarter revenues were up 8,9 % from the year before, to EUR 41,8 million. In the first nine months of the year 2017 consolidated EBIT amounted to EUR 14,7 million, compared to EUR 11,0 million in the same period of last year 2016. The EBIT margin (EBIT as a percentage of total performance) was 11,5 % in the first nine months of 2017, up from 9,0 % in the same period of last year 2016. Earnings before interest, taxes, depreciation and amortization (EBITDA) reached a value of EUR 23,4 million in the first three quarters of 2017, up 23,2 % from the same period of year 2016, when EBITDA amounted to EUR 19,0 million.
Revenues in the Functional Fillers product segment amounted to EUR 86,9 million in the first nine months of 2017, compared to EUR 83,8 million in the same period of year 2016. In the 3rd quarter of 2017, revenues in this product segment came to EUR 27,2 million, up from EUR 25,5 million in the same quarter of year 2016.
Total revenues in the Technical Ceramics product segment climbed from EUR 38,5 million to EUR 43,6 million in the first nine months of 2017. As in the first two quarters of 2017, there was strong revenue growth in the 3rd quarter of 2017, with revenues up 13,2 % to EUR 14,6 million (same quarter of year 2016: EUR 12,9 million).
The export ratio in the first three quarters of 2017 was 73,2 %, up slightly from the year before (72,9 %), demonstrating that strong foreign demand remains intact. Nabaltec once again posted growth in the key regions of Europe, Asia and USA in the first nine months of 2017. Already at the beginning of the 3rd quarter in August 2017, Nabaltec AG raised its 2017 EBIT forecast slightly, from the high single digits to around 10 %. Its revenue growth expectations were raised slightly as well, from the low single digits to the mid-single digits.